Transcontinental (TSE:TCL.A) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Transcontinental Inc. (TSE:TCL.A) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$20.55 and traded as high as C$23.10. Transcontinental shares last traded at C$22.99, with a volume of 328,788 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on TCL.A. Royal Bank Of Canada boosted their price objective on Transcontinental from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. National Bankshares boosted their price target on Transcontinental from C$24.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. Scotiabank upped their price target on Transcontinental from C$23.25 to C$26.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 9th. TD Securities increased their price objective on shares of Transcontinental from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Finally, BMO Capital Markets boosted their target price on shares of Transcontinental from C$23.00 to C$27.00 in a research report on Tuesday, December 9th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$27.33.

Transcontinental Stock Performance

The firm has a market cap of C$1.92 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 6.05 and a beta of 0.68. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The company has a 50 day moving average of C$22.04 and a 200 day moving average of C$20.55.

Transcontinental (TSE:TCL.A) last posted its quarterly earnings data on Thursday, December 11th. The company reported C$0.52 earnings per share (EPS) for the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%.The company had revenue of C$732.40 million for the quarter. As a group, equities research analysts expect that Transcontinental Inc. will post 2.439834 EPS for the current fiscal year.

About Transcontinental

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.